Schults, 34, remains unsigned after an up-and-down season with the Seattle Kraken last year. In 70 contests, he recorded 7 goals and 26 points while averaging just 16:28 in ice time per game. That is pretty good offensive production from that position, but he also was dead last on the team in plus/minus at -23. That being said, the Leafs are a more defensively structured team and are also simply much better than the Kraken were last season, which could give the team the opportunity to shelter him more.
Realistically speaking, he likely wouldn't even be an every day player for the team, but he provides an extra right handed blueliner for the team to call upon when needed. As NHL trade talk's old prof puts it:
"The Maple Leafs' current defensive lineup has a solid top four. However, the depth beyond that could be a question mark. Injuries always pop up. The season is long, and the grind is real.
Schultz's ability to play a steady, reliable game could make him an ideal candidate for a third-pairing role. He's not expected to be a top-four defenseman anymore. But, in a more limited role, he can still provide quality minutes. He's also particularly adept at penalty killing or when the team needs to lock down a lead."
Schultz was recently featured in a DailyFaceoff article where they broke down the top remaining free agents. As they point out, he brings veteran and Stanley-Cup winning qualities to the team, but his defensive deficiencies could be a problem.